Spotify Technology Management
Management criteria checks 1/4
Spotify Technology's CEO is Alex Norström, appointed in Jan 2026, has a tenure of less than a year. total yearly compensation is €16.03M, comprised of 1.9% salary and 98.1% bonuses, including company stock and options. directly owns 0.026% of the company’s shares, worth $23.01M. The average tenure of the management team and the board of directors is 0.2 years and 8.7 years respectively.
Key information
Alex Norström
Chief executive officer
€16.0m
Total compensation
| CEO salary percentage | 1.87% |
| CEO tenure | less than a year |
| CEO ownership | 0.03% |
| Management average tenure | less than a year |
| Board average tenure | 8.7yrs |
Recent management updates
Recent updates
Spotify Technology S.A.'s (NYSE:SPOT) 26% Cheaper Price Remains In Tune With Earnings
Feb 05
Why Spotify's Recent Dip Is A 'Buy' Signal For Patient Investors
Jan 27We Think Spotify Technology's (NYSE:SPOT) Profit Is Only A Baseline For What They Can Achieve
Nov 11Spotify Technology S.A. Just Recorded A 63% EPS Beat: Here's What Analysts Are Forecasting Next
Nov 07Is It Too Late To Consider Buying Spotify Technology S.A. (NYSE:SPOT)?
Jul 31Spotify Technology (NYSE:SPOT) Could Easily Take On More Debt
Jul 02We Think Spotify Technology's (NYSE:SPOT) Profit Is Only A Baseline For What They Can Achieve
May 07Subdued Growth No Barrier To Spotify Technology S.A. (NYSE:SPOT) With Shares Advancing 28%
May 05Spotify Is Executing Brilliantly, But The Stock Isn't A Buy Anymore (Rating Downgrade)
Apr 16Is It Too Late To Consider Buying Spotify Technology S.A. (NYSE:SPOT)?
Apr 02Spotify: The Road Ahead Is Tough, But It Is Positioned Well
Mar 14A Look At The Fair Value Of Spotify Technology S.A. (NYSE:SPOT)
Mar 02Spotify: Just Getting Started
Feb 14Spotify Q4: Profitability Is Only Getting Better
Feb 05
Narrative update from Michael Paige
Retain Dominant Market Share Position In Paid Music StreamingThis assumptions appears to be tracking well and ahead of my conservative estimates. I estimated 8% growth per year in MAU and premium subsSpotify Q4 Preview: Changing Creator Incentives
Jan 22Spotify: The Operational Leverage Run Is Close To Being Over, What's Next?
Jan 15Spotify: My Top Investment Pick For 2025
Dec 15From $15 Billion To $100 Billion: Lessons From Our Spotify Investment
Dec 08
Expanding Audiobook Offerings And AI Innovation Propel Dynamic Growth Trajectory
Expansion into audiobooks and AI-enhanced music discovery are set to boost user engagement and revenue growth.Spotify Q3: Strong Subscriber Growth And Margin Improvement
Nov 12Spotify: Who's There? TikTok - Buy
Oct 03
Narrative update from Richard Bowman
Monthly active users up 2% Q/Q and 14% Y/YSpotify: Why We Remain Confident In The Position We've Built
Sep 13Spotify: Beware Slowing MAU Growth, Lock In Gains And Sell (Rating Downgrade)
Aug 24Narrative update from Michael Paige
In terms of market share, nothing has particularly changed, and reports still indicate that it has around one-third of market share in the industry.Spotify Q2: Subscriber Gains With Improved Monetization
Jul 23Spotify: Ready To Jump As Price And Bundling Adjustment Flow To Earnings
Jul 16Spotify's Price Hikes Make It Expensive For Everyone
Jul 08Spotify: Price Increases Are Helping To Mask Weaker User Growth
Jun 07Baron Fund - Spotify Technology: A Long-Term Winner In Music Streaming
May 16Narrative update from Michael Paige
In terms of market share, nothing has particularly changed, and reports still indicate that it has around one-third of market share in the industry.Spotify: Bet On This 'Forever-Subscription' Company
May 06Narrative update from Richard Bowman
Spotify’s Focus on Profitability is Beginning to Pay Off Spotify announced solid results for the first quarter. Premium subs increased by 14% from Q1 2023, but were only 3 million higher than Q4 2023.Spotify: Firing On All Cylinders, Initiating Stock With 'Strong Buy'
Apr 24CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2025 | n/a | n/a | €1b |
| Jun 30 2025 | n/a | n/a | €806m |
| Mar 31 2025 | n/a | n/a | €1b |
| Dec 31 2024 | €16m | €300k | €1b |
| Sep 30 2024 | n/a | n/a | €701m |
| Jun 30 2024 | n/a | n/a | €466m |
| Mar 31 2024 | n/a | n/a | -€110m |
| Dec 31 2023 | €12m | €290k | -€532m |
| Sep 30 2023 | n/a | n/a | -€732m |
| Jun 30 2023 | n/a | n/a | -€963m |
| Mar 31 2023 | n/a | n/a | -€786m |
| Dec 31 2022 | €9m | €304k | -€430m |
| Sep 30 2022 | n/a | n/a | -€199m |
| Jun 30 2022 | n/a | n/a | -€31m |
| Mar 31 2022 | n/a | n/a | €74m |
| Dec 31 2021 | €6m | €303k | -€34m |
| Sep 30 2021 | n/a | n/a | -€120m |
| Jun 30 2021 | n/a | n/a | -€223m |
| Mar 31 2021 | n/a | n/a | -€559m |
| Dec 31 2020 | €5m | €310k | -€581m |
| Sep 30 2020 | n/a | n/a | -€665m |
| Jun 30 2020 | n/a | n/a | -€323m |
| Mar 31 2020 | n/a | n/a | -€43m |
| Dec 31 2019 | €6m | €297k | -€186m |
Compensation vs Market: Alex's total compensation ($USD18.95M) is above average for companies of similar size in the US market ($USD13.19M).
Compensation vs Earnings: Alex's compensation has increased by more than 20% in the past year.
CEO
Alex Norström (47 yo)
Mr. Alex Norström has been Co-Chief Executive Officer & Director of Spotify Technology S.A. since January 1, 2026. He was Co-President & Chief Business Officer of Spotify Technology S.A. since February 1,...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Executive Chairman | 17.6yrs | €644.15k | 6.05% $ 5.3b | |
| Co-CEO & Director | less than a year | €16.03m | 0.026% $ 23.0m | |
| Co-CEO & Director | less than a year | €18.08m | 0.0043% $ 3.8m | |
| Co-Founder & Director | 20.1yrs | €726.51k | 9.71% $ 8.5b | |
| Chief Financial Officer | 1.3yrs | €6.02m | no data | |
| Chief Public Affairs Officer | no data | €6.10m | 0.0090% $ 7.8m | |
| Head of Investor Relations | no data | no data | no data | |
| Director of Sales | less than a year | no data | no data | |
| Chief Human Resources Officer | no data | no data | no data |
Experienced Management: SPOT's management team is not considered experienced ( 0.2 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Executive Chairman | 17.6yrs | €644.15k | 6.05% $ 5.3b | |
| Co-CEO & Director | less than a year | €16.03m | 0.026% $ 23.0m | |
| Co-CEO & Director | less than a year | €18.08m | 0.0043% $ 3.8m | |
| Co-Founder & Director | 17.6yrs | €726.51k | 9.71% $ 8.5b | |
| Lead Independent Director | 10.7yrs | €328.17k | 0.029% $ 25.6m | |
| Independent Director | 8.7yrs | €479.45k | 0.011% $ 9.8m | |
| Independent Director | 8.7yrs | €626.95k | 0.027% $ 23.4m | |
| Independent Director | 8.7yrs | €384.37k | 0.0035% $ 3.0m | |
| Independent Director | 9.4yrs | €440.58k | 0.0067% $ 5.8m | |
| Independent Director | 8.2yrs | €328.17k | 0.0031% $ 2.7m | |
| Independent Director | 4.8yrs | €412.47k | no data | |
| Independent Director | 6.1yrs | €440.58k | 0.18% $ 159.0m |
Experienced Board: SPOT's board of directors are considered experienced (8.7 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/02/09 10:50 |
| End of Day Share Price | 2026/02/06 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Spotify Technology S.A. is covered by 74 analysts. 37 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Samuel Lourensz | Arete Research Services LLP |
| Richard Kramer | Arete Research Services LLP |
| William Noel Milner | Arete Research Services LLP |